It’s a decade and a bit since the global financial crisis (GFC) began. For the people inside the system that caused this long decade of misery, there’s been little or no change. For everyone else, it’s been a decade of misery.… Read More After the Fall
With monetary policy shifting, most governments and banks are unprepared for the change… Read More The Eurozone’s Coming Debt Crisis
As David Tepper predicted, financial and other risk assets have shot the moon. But as Bob Dylan warned, what’s coming next will change everything… Read More A Hard Rain’s a-Gonna Fall
Global inequality is a security risk—and not just because it breeds resentment, violence, and mass migrations. It also makes the entire system prone to collapse… Read More Extreme Inequality Creates Global Disorder
A nation of savers v. a nation of debtors.… Read More How the ECB Helped Spain “Recover” Faster than Italy from the Crisis
“These illusionists have altered the nature of the financial system and orchestrated a de facto heist that has enabled the most dominant banks and central bankers to run the world”… Read More Nomi Prins: The Central Banking Heist Has Put the World at Risk
America today has a lot in common with that bygone era of monopolies and gross inequality. But will the country respond similarly?… Read More Lessons From the Gilded Age
This is totally nuts, across the board.… Read More A Liquidity Crisis Is Coming
“Mum & dad are lending money to their kids so their kids can afford to pay the prices demanded by mum & dad & their friends. It’s like a giant Ponzi scheme but where the victims are your children”… Read More “Bank of Mum & Dad,” Huge Prop under UK Housing Bubble, is Running Out of Liquidity
Years of neoliberal economic policies imposed by Brussels and by Italian politicians alike have devastated numerous industrial towns and the very fabric of Italian society… Read More This Is the New Italy
What the most important chart in the world is predicting… Read More The End Of Stimulus? (And The Start Of The Crash?)
Blackstone Group, Cerberus Capital and others face a little problem… Read More Wall Street Mega-Landlords Piled into Spain’s Rental Property Boom, and Now it Hits a Wall?
